AIB Not giving a toss as usual

melekalikimaka

looks to be like they might get it after all, well those that pushed for legal action, probably gonna cost the banks more now too, karma

CiaranC

smellyanus wrote: »

Try to look past what RTE are reporting and see the bigger picture :rolleyes:

The bigger picture is that they are employed by a failed entity.

If the taxpayer wasnt funding that entity, how much of their bonus would they get?

take everything

Are people missing a bigger picture here.
Surely what has happened is FF has just pulled another stroke.
Manage to get this through before leaving office and be remembered by morons "ah sure they did their best with the bankers bonuses".
A few months after the election, FG/labour may well have to revisit this after the ****load of appeals coming down the line.
I'd say this is far from over.

senordingdong

CiaranC wrote: »

The bigger picture is that they are employed by a failed entity.

If the taxpayer wasnt funding that entity, how much of their bonus would they get?

No need for a 'bigger picture' at all.

This pretty much sums it up.

MagicSean

thebaz wrote: »

how can the lawyers be right ?

A company goes to the wall ;
The goverrnment bails company out ;
the country nearly goes bust , IMF come in ;
bank still standing, thanks to utilising state funds -

meanwhile a huge proportion of the state citizens suffer extreme hardship - whilst a minority are homeless , in need of shut down medical services.

if the legal system backs Mr Moy aand his colleagues I want anarchy rather than an election

These state citizens you refer to include the AIB workers who have been waiting 2 years to get paid what they are due. By your logic any company who takes out a loan could opt out of paying staff on the basis that the money isn't theirs to give.

galwayrush

So, our income tax doubles up as an extra instalment on our AIB loans.:rolleyes:

dotsman

CiaranC wrote: »

The bigger picture is that they are employed by a failed entity.

If the taxpayer wasnt funding that entity, how much of their bonus would they get?

They would be paid their remuneration by whatever company took over AIB. As AIB continues to exit as an independent company, it has every obligation to pay all remuneration owed. Their remuneration has decreased dramatically since 2008 and that is acceptable (well, debatable - but that's for another day), but this is about backdating laws. You cannot bring about a change in the law and back-date it.

galwayrush wrote: »

So, our income tax doubles up as an extra instalment on our AIB loans.:rolleyes:

No, our income tax, as well as all other taxes are used to pay for public services and social welfare.

th3 s1aught3r

Looking at the history of AIB, they had several scandals in recent times relating to overcharging, and cover ups by top brass until they were rumbled.Long before the propery lending disasters
It will be a bad new year for the bank staff. Looking like massive redundancies in AIB across the board. Meanwhile the guys who presided over and ran it into the ground are off with their handsome pensions

senordingdong

dotsman wrote: »

No, our income tax, as well as all other taxes are used to pay for public services and social welfare.

It also pays for banks, bank staff, bank golf trips, even bank bonuses.

dotsman

senordingdong wrote: »

It also pays for banks, bank staff, bank golf trips, even bank bonuses.

Afraid not. You clearly are not understanding what's going on. Don't worry about it. There's lots of people who would rather just blame the bankers/developer's/government and rant and rave about it than actually act as independent intelligent individuals.

Despite all that's gone on, most people can't even explain what a recession is or how this one came about.

Don't hae time to go into it here (and drag the thread off topic), but all you need to know is that no - the taxpayer's money is not being used to fund AIB salaries, golf trips or bonuses.

senordingdong

dotsman wrote: »

Afraid not. You clearly are not understanding what's going on. Don't worry about it. There's lots of people who would rather just blame the bankers/developer's/government and rant and rave about it than actually act as independent intelligent individuals.

Well your response, coupled with your lack of explanation, does little to distinguish you from 'lots of people'.

So tell us what the nationalisation of AIB entailed then.